It has been said that Social Security recipients will get an extra $4,875.00 a year in 2024, but this is not true. The goal of this piece is to disprove these false claims and give correct details about Social Security benefits, who can get them, and when they are paid.
False Claims of $4875 + $2600 Payments
There have been rumors that people who get Social Security, SSI, SSDI, or VA benefits will get a one-time payment of $4,875.00 plus $2,600.00 in July 2024. These claims are not backed up by the government. The Social Security Administration (SSA) hasn’t said anything about these payouts. When looking for information, it’s best to trust sites that have been checked out.
Understanding Regular Social Security Payments
Social Security gives retirees, disabled people, and soldiers the money they need to live. These regular payments help millions of people with low incomes, mostly seniors, pay for the things they need to live.
Types of Social Security Benefits
The SSA administers various benefit programs, including:
- Social Security Income (SSI): For low-income individuals who are aged, blind, or disabled.
- Social Security Disability Insurance (SSDI): For individuals who have a disability and have earned enough work credits.
- Veterans Affairs (VA) Benefits: For veterans with service-related disabilities.
Also See:- Canada Pension Increase: Expected CPP and OAS Boost in 2024
Eligibility Criteria for Social Security Benefits in 2024
To qualify for Social Security benefits, you need to meet specific criteria:
- Age Requirement: Must be at least 62 years old.
- Residency: Must be a permanent resident or citizen of the United States.
- Work History: Must have worked for at least 35 years in the United States.
- Social Security Number: Must have a valid Social Security number and have paid Social Security taxes consistently.
Payment Schedule for 2024
Social Security benefits are distributed monthly according to the following schedule:
- January: 10th, 17th, 24th (SSI: 1st)
- February: 14th, 21st, 28th (SSI: 1st)
- March: 13th, 20th, 27th (SSI: 1st)
- April: 10th, 17th, 24th (SSI: 1st)
- May: 8th, 15th, 22nd (SSI: 1st)
- June: 12th, 19th, 26th (SSI: 1st)
- July: 10th, 17th, 24th (SSI: 1st)
- August: 14th, 21st, 28th (SSI: 1st)
- September: 11th, 18th, 25th (SSI: 1st)
- October: 9th, 16th, 23rd (SSI: 1st)
- November: 13th, 20th, 27th (SSI: 1st)
- December: 11th, 18th, 25th (SSI: 1st)
Depending on the beneficiary’s birthday, payments are usually made on the second, third, or fourth Wednesday of every month. Most of the time, SSI payouts are made on the first of every month.
FAQs
Do you really owe $4,875.00 and $2,600?
What you’re hearing is not true. The SSA hasn’t said anything like that.
What is a good place to learn about Social Security benefits?
For correct information, visit the SSA website at www.ssa.gov.
To get Social Security payments, how old do I have to be?
At least 62 years old.
How often do you get paid by Social Security?
Social Security benefits are given out every month, on times that depend on when you were born and the program.
What should I do if I’m late with my payment?
You can get help from the SSA or their website if you don’t get your payment on time.